Principal Financial Group Inc. Sells 7,410 Shares of Toll Brothers Inc. $TOL

Principal Financial Group Inc. trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,036 shares of the construction company’s stock after selling 7,410 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Toll Brothers worth $30,119,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TOL. AQR Capital Management LLC increased its stake in Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Toll Brothers by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock valued at $229,586,000 after buying an additional 78,035 shares during the period. Norges Bank bought a new position in Toll Brothers in the 2nd quarter worth about $154,782,000. Holocene Advisors LP increased its position in shares of Toll Brothers by 150.7% during the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock worth $142,631,000 after acquiring an additional 751,255 shares during the period. Finally, Bamco Inc. NY raised its stake in shares of Toll Brothers by 116.9% during the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after acquiring an additional 611,523 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of TOL stock opened at $153.21 on Friday. The stock’s 50-day moving average is $141.75 and its 200 day moving average is $136.81. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $155.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. The company has a market cap of $14.52 billion, a P/E ratio of 11.30, a PEG ratio of 1.18 and a beta of 1.47.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the company posted $4.63 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is 7.37%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director directly owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Barclays increased their price target on Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, January 21st. BTIG Research started coverage on shares of Toll Brothers in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.40.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.